Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 18.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,065 shares of the information services provider’s stock after purchasing an additional 7,522 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in VeriSign were worth $5,220,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in VRSN. Suntrust Banks Inc. boosted its holdings in shares of VeriSign by 0.5% during the 2nd quarter. Suntrust Banks Inc. now owns 10,455 shares of the information services provider’s stock worth $971,000 after buying an additional 54 shares in the last quarter. Scotia Capital Inc. grew its position in shares of VeriSign by 0.6% in the 2nd quarter. Scotia Capital Inc. now owns 12,000 shares of the information services provider’s stock worth $1,115,000 after buying an additional 75 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of VeriSign by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 3,340 shares of the information services provider’s stock worth $310,000 after buying an additional 80 shares during the last quarter. Conning Inc. boosted its position in shares of VeriSign by 3.1% during the second quarter. Conning Inc. now owns 2,674 shares of the information services provider’s stock valued at $249,000 after purchasing an additional 80 shares in the last quarter. Finally, Financial Advisors Network Inc. boosted its holdings in VeriSign by 3.2% in the second quarter. Financial Advisors Network Inc. now owns 3,928 shares of the information services provider’s stock worth $365,000 after acquiring an additional 122 shares in the last quarter.
Several research firms recently issued reports on VRSN. BidaskClub upgraded VeriSign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Robert W. Baird reiterated a “hold” rating and issued a $105.00 price objective on shares of VeriSign in a research note on Thursday, August 31st. Citigroup increased their price objective on shares of VeriSign from $101.00 to $111.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Cowen restated a “hold” rating and issued a $103.00 price objective on shares of VeriSign in a research note on Sunday, October 29th. Finally, Zacks Investment Research cut shares of VeriSign from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. VeriSign presently has an average rating of “Hold” and a consensus price target of $106.33.
Shares of VeriSign, Inc. (VRSN) opened at $112.40 on Thursday. The stock has a market cap of $11,083.22, a PE ratio of 31.41 and a beta of 1.03. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -1.45. VeriSign, Inc. has a 1 year low of $75.71 and a 1 year high of $118.28.
VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, October 26th. The information services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $292.40 million during the quarter, compared to analysts’ expectations of $290.90 million. VeriSign had a net margin of 39.79% and a negative return on equity of 36.88%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.93 EPS. analysts expect that VeriSign, Inc. will post 3.65 earnings per share for the current fiscal year.
VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).
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